Ralph M. Profiti, an analyst from Stifel Nicolaus, has initiated a new Buy rating on G Mining Ventures (GMINF).
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Ralph M. Profiti has given his Buy rating due to a combination of factors that highlight G Mining Ventures’ strong growth potential and operational capabilities. The company is strategically positioned to benefit from its self-perform business model, which leverages its proven mine-building expertise and a solid track record in financing and mergers and acquisitions. With a portfolio of long-life, low-cost assets, G Mining Ventures is set to become a significant player in the intermediate precious metals sector, with gold production expected to more than double by 2028, driven by key projects in Brazil and Guyana.
Moreover, the company’s valuation is supported by upcoming catalysts such as the drilling program at the Gurupi Project and the anticipated first gold production at the Oko West Project. G Mining Ventures’ management team is recognized for its operational excellence, further enhancing the company’s credibility as a reliable mine builder. The stock’s current trading metrics suggest it is undervalued compared to its peers, presenting a compelling re-rating opportunity as the company progresses towards its growth milestones.
In another report released on November 17, RBC Capital also maintained a Buy rating on the stock with a C$35.00 price target.